Future Business Leaders of America
A long time ago, I read in a Singapore newspaper an article about the unofficial education that goes on behind the scenes. It is the kind of education that is learnt outside of the classroom, in the corridors of school, in the canteen, outside school gates, but always between students. Students are taught what they should be like, or what their school is, this unofficial education breeds people of a certain kind, and the clear and resultant effect of the existence of this unofficial education is the sad but true stereotypes that the general public forms in their mind of a particular institution.
But what about if this unofficial education is not just about a particular school, but what if it is about a particular group of people? What if it has permeated through all schools, and anyone who is a business student has been "unofficially educated" as to what a business person is like?
I am insinuating a lot, and this is just my perspective not as an external being, but a part of the system.
A couple of my friends know I've been b*tching about my school's Casino Night, where it was meant to raise funds for children with leukemia. Somehow in the midst of it all, while other students were winning meagre amount of chips, with small token buy-ins of between $500 to $5000 in chips, someone showed up at the final auction with over $200,000 worth of chips. Wow. That was some luck. Until I allege that this person did not win anything at all, but the close friendship of some of the organizers of the event, the student government.
Some hours later, and some really bitter bitching to the blatant cronyism to a friend yielded a story that this wasn't just an isolated case. There are other student governments who attempt to misuse school funds to provide facilities for just a privileged few of themselves at the cost of the rest of the students. Much detail is not mine to say for fear of misquoting. However, I have just learnt a valuable lesson; that people right now, college students are just as capable of corruption, insider trading, cronyism, nepotism and the whole sleazy side of business. I could easily see any of them cooking the books, fudging the numbers and being a part of a conspiracy or cartel.
Some days later, I was talking with a friend who had a lot of interviews. One thing he said to me stood out in my mind, "They like people from fraternities a lot." Woah, this was huge news to me. A typical frat boy is nothing more than a crutch. I have not met someone in a fraternity whom I said to myself, "That is a smart person." That's basically what I have to say about fraternities, and I have friends in fraternities. Imagine whatever stereotype you have about a frat, and yes, that's probably true. So this was really big news to me. Why would any sane employer want a frat boy?
My friend told me that in a fraternity, they are taught bonds of brotherhood. In crude terms, if their boss said, "Hey, be a buddy and overlook this for me, will you?" or "It's a nine, not a four. A nine. Yeah, nine. Here, have a twenty." or "Could you kindly misplace this huge bill we have from the accounting department?", they would remember their bonds of brotherhood, through thick and thin, and the frat sticks together and easily be compatriot, and easily accessory to white collar crimes. These people already know how to do favors for others, and they are of flexible morals. Just try being in a frat, and the first thing they drill into you is that the brother (senior member of a frat) is always right.
Welcome to America.
Okay, to speak completely for the other side, employers are looking for candidates with personality. They want smart people with a life outside of work. They like to work with interesting people.
Somehow, I just don't buy that bullsh*t. Try and tell me that people in my school are smart and I'd laugh at your face. Intelligence is still a rare thing to this day. Serious intelligence, beyond the booksmarts. There are smart people, but I see people who are mostly hired are... well... questionable.
Last week, Princeton and Harvard did away with the whole early acceptance thing. It seems that early decision has a bias towards a certain groups of privilege students. Disadvantaged, or (gasp! political incorrectness) poor students simply need to compare whatever financial aid each school has to offer before accepting, and early decision simply destroys that opportunity. I thought, hey, yeah it's about time. My roommate is one such victim of the early decision practices of my college. Forced to accept a poorer financial package and in a college that wasn't his top choice, he was threatened to have his acceptance to the other college revoked if he did not attend my college. That is the problem with early decision.
But if that was a problem, colleges have a deeper problem; one to do with legacy candidates. While top Ivy Leagues in America have acceptance rates of 10% to 12%, these very same colleges accept "legacy candidates" at the rate of between 30% to 40%. That would mean that if your parents went to an Ivy League school, you are about 3 to 4 times more likely to be accepted than if you were just another candidate. This very same practices are the ones that let people like George W. Bush be a C+ student at Yale, while I strongly doubt that he'd amount to anything past a high school degree if he were in my position. It's just as disgusting, because something I don't see being hereditary is intelligence. Okay, maybe not to a large degree, but I find this practice hard to agree with, when I face the question, "Have your parents or any of your relatives attended NYU before? If so, please list."
However that isn't the end of it all; there are such a thing as faculty brats. Meaning, children of faculty has an even higher chance of being accepted into a college where their parents teach. With acceptance rates as high as 80% to 90%, I question, how qualified are these people? I mean, sure, they have smart parents who might have planned their whole lives to attend whichever college their parents teach at, but I liken this whole situation to a father giving his son a job as vice-president of his company upon graduation.
I just looked on news.google.com and I found an interesting article. Hey, even if this kind of sh*t happens to Harvard, imagine the rest of the business schools in America. I don't believe that an ethics class is in any way helpful at all, I have a friend who attempts to miss ethics class whenever possible.
So if you're worndering how it is possible that scandals from Enron, WorldCom, Tyco, Arthur Anderson, Halliburton, Kmart, Mirant, Peregrine Systems, AOL Time Warner, Qwest Communications International, Merck, Exxon, Fannie Mae, Freddie Mac, Parmalat, Royal Dutch Shell, Refco, Goldman Sachs, CMS Energy, Duke Energy, Dynergy, General Electric, JP Morgan Chase, Sunbeam, Xerox and many more happening each year that even Forbes stopped counting after 2002, then wonder where have they gone wrong, I suggest the answer: they've learnt it all in college. And these colleges will continue to present you with tomorrow's business leaders of America.
Welcome to America.
But what about if this unofficial education is not just about a particular school, but what if it is about a particular group of people? What if it has permeated through all schools, and anyone who is a business student has been "unofficially educated" as to what a business person is like?
I am insinuating a lot, and this is just my perspective not as an external being, but a part of the system.
A couple of my friends know I've been b*tching about my school's Casino Night, where it was meant to raise funds for children with leukemia. Somehow in the midst of it all, while other students were winning meagre amount of chips, with small token buy-ins of between $500 to $5000 in chips, someone showed up at the final auction with over $200,000 worth of chips. Wow. That was some luck. Until I allege that this person did not win anything at all, but the close friendship of some of the organizers of the event, the student government.
Some hours later, and some really bitter bitching to the blatant cronyism to a friend yielded a story that this wasn't just an isolated case. There are other student governments who attempt to misuse school funds to provide facilities for just a privileged few of themselves at the cost of the rest of the students. Much detail is not mine to say for fear of misquoting. However, I have just learnt a valuable lesson; that people right now, college students are just as capable of corruption, insider trading, cronyism, nepotism and the whole sleazy side of business. I could easily see any of them cooking the books, fudging the numbers and being a part of a conspiracy or cartel.
Some days later, I was talking with a friend who had a lot of interviews. One thing he said to me stood out in my mind, "They like people from fraternities a lot." Woah, this was huge news to me. A typical frat boy is nothing more than a crutch. I have not met someone in a fraternity whom I said to myself, "That is a smart person." That's basically what I have to say about fraternities, and I have friends in fraternities. Imagine whatever stereotype you have about a frat, and yes, that's probably true. So this was really big news to me. Why would any sane employer want a frat boy?
My friend told me that in a fraternity, they are taught bonds of brotherhood. In crude terms, if their boss said, "Hey, be a buddy and overlook this for me, will you?" or "It's a nine, not a four. A nine. Yeah, nine. Here, have a twenty." or "Could you kindly misplace this huge bill we have from the accounting department?", they would remember their bonds of brotherhood, through thick and thin, and the frat sticks together and easily be compatriot, and easily accessory to white collar crimes. These people already know how to do favors for others, and they are of flexible morals. Just try being in a frat, and the first thing they drill into you is that the brother (senior member of a frat) is always right.
Welcome to America.
Okay, to speak completely for the other side, employers are looking for candidates with personality. They want smart people with a life outside of work. They like to work with interesting people.
Somehow, I just don't buy that bullsh*t. Try and tell me that people in my school are smart and I'd laugh at your face. Intelligence is still a rare thing to this day. Serious intelligence, beyond the booksmarts. There are smart people, but I see people who are mostly hired are... well... questionable.
Last week, Princeton and Harvard did away with the whole early acceptance thing. It seems that early decision has a bias towards a certain groups of privilege students. Disadvantaged, or (gasp! political incorrectness) poor students simply need to compare whatever financial aid each school has to offer before accepting, and early decision simply destroys that opportunity. I thought, hey, yeah it's about time. My roommate is one such victim of the early decision practices of my college. Forced to accept a poorer financial package and in a college that wasn't his top choice, he was threatened to have his acceptance to the other college revoked if he did not attend my college. That is the problem with early decision.
But if that was a problem, colleges have a deeper problem; one to do with legacy candidates. While top Ivy Leagues in America have acceptance rates of 10% to 12%, these very same colleges accept "legacy candidates" at the rate of between 30% to 40%. That would mean that if your parents went to an Ivy League school, you are about 3 to 4 times more likely to be accepted than if you were just another candidate. This very same practices are the ones that let people like George W. Bush be a C+ student at Yale, while I strongly doubt that he'd amount to anything past a high school degree if he were in my position. It's just as disgusting, because something I don't see being hereditary is intelligence. Okay, maybe not to a large degree, but I find this practice hard to agree with, when I face the question, "Have your parents or any of your relatives attended NYU before? If so, please list."
However that isn't the end of it all; there are such a thing as faculty brats. Meaning, children of faculty has an even higher chance of being accepted into a college where their parents teach. With acceptance rates as high as 80% to 90%, I question, how qualified are these people? I mean, sure, they have smart parents who might have planned their whole lives to attend whichever college their parents teach at, but I liken this whole situation to a father giving his son a job as vice-president of his company upon graduation.
I just looked on news.google.com and I found an interesting article. Hey, even if this kind of sh*t happens to Harvard, imagine the rest of the business schools in America. I don't believe that an ethics class is in any way helpful at all, I have a friend who attempts to miss ethics class whenever possible.
So if you're worndering how it is possible that scandals from Enron, WorldCom, Tyco, Arthur Anderson, Halliburton, Kmart, Mirant, Peregrine Systems, AOL Time Warner, Qwest Communications International, Merck, Exxon, Fannie Mae, Freddie Mac, Parmalat, Royal Dutch Shell, Refco, Goldman Sachs, CMS Energy, Duke Energy, Dynergy, General Electric, JP Morgan Chase, Sunbeam, Xerox and many more happening each year that even Forbes stopped counting after 2002, then wonder where have they gone wrong, I suggest the answer: they've learnt it all in college. And these colleges will continue to present you with tomorrow's business leaders of America.
Welcome to America.